The Journal Entry to Record the Conversion of an $4,700

question 56

Multiple Choice

The journal entry to record the conversion of an $4,700 accounts payable to a notes payable would be:

• A) Cash 4,700 Notes Payable 4,700
• B) Notes Receivable 4,700 Notes Payable 4,700
• C) Notes Payable 4,700 Cash 4,700
• D) Accounts Payable 4,700 Notes Payable 4,700

---

Definitions:

Correlation

A mathematical indicator showing how much two or more variables change in relation to each other.

Test Scores

Numerical representations of an individual's performance on standardized tests or examinations.

Leader-member Relations

The nature and quality of the interactions and relationships between leaders and their followers within an organization.

Unstructured Task

A type of task that lacks a clear, predefined process or goal, requiring creativity and decision-making from the individual.